Fortune Brands Acquires Simonton Windows®, Others

Fortune Brands Inc., has finalized the acquisition of SBR Inc., and its home product brands through a tax-free merger, an SBR news release announced recently. The acquisition includes SBR home product brands Simonton Windows, SimEx™, Fypon®, Hy-Lite® products and Dixie-Pacific™.

"The acquisition process went smoothly and we're pleased that our companies are now part of the Fortune Brands family," said Greg Schorr, president of SBR. "Since the announcement of the merger back in February, our operations have moved steadily toward the completion of this acquisition … We're looking forward to this seamless transfer of ownership and the benefits of being part of the company behind great home product brands [such as] Moen, Therma-Tru, Aristokraft, Omega and Master Lock."

The purchase price of SBR and its product brands was $630 million, which was made in stock and cash by Fortune Brands. The acquisition became final last week and as of June 7, Fortune Brands owns the brands purchased.

"We're excited to welcome the people of SBR to the Fortune Brands family," said Bruce Carbonari, president and chief executive officer of Fortune Brands' home and hardware business. "We share SBR's commitment to investing in the growth of our leading brands."